TETHER HAS QUIETLY AMASSED AROUND 140 TONS OF GOLD Tether has quietly amassed around 140 tons of gold—worth about $24 billion—making it the largest known private holder outside banks and governments. The crypto giant is buying 1–2 tons per week, storing bullion in a former Swiss nuclear bunker, and plans to expand into gold trading. Its purchases have made it one of the biggest new buyers globally, contributing to gold’s surge to record highs above $5,200 an ounce. Tether is also backing its gold token (XAUT) with physical metal and expects it to reach up to $10 billion in circulation. The company says it views gold like a central bank reserve asset and sees growing demand as trust in fiat currencies weakens.(*Walter Bloomberg)